Opportunity-Hungry Hotel Investors May Find There Isn’t Any
Photo Credit: A wave of distressed hotel sales have still yet to emerge for opportunistic investors. Pixabay / JanClaus
Skift Take
Optimism surrounding continued federal economic relief and vaccine distribution may dissuade hotel owners from selling troubled assets to investors poised to pounce.
Flexible banks and additional federal coronavirus relief are delaying an expected gold rush of distressed hotels from going on the market. But that isn’t keeping opportunistic investors from swooping in.
Hotel investment group Bainbridge DXS and Torrey Pines Hotel Group this week launched a $500 million fund aimed at acquiring as many as 200 hotels around the world in the next 15 years. The investment fund comes just a few weeks after New York Yankees legend Alex Rodriguez announced his involvement in a $650 million fund targeting the acquisition and development of Hilton hotels over the next three years. Starwood Capital Group CEO Barry Sternlicht said last year he was “tickled to death” by the amount of distressed sale opportunities coming down the line.
But Washington may impact how much distress will ev
